Quick charity verification for Tibet House Inc (EIN: 133438221)
Verdict: Tibet House Inc appears trustworthy
90/100Mission Score
$4.9MRevenue
$7.1MAssets
1Red Flags
4Strengths
Red Flags
Slight deficit in the most recent fiscal period (202312), with expenses ($4,715,570) exceeding revenue ($4,558,021).
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in this area.
General trend of increasing revenue and assets over the past decade, demonstrating financial growth.
Healthy asset base ($7,148,914 latest) relative to liabilities, indicating strong financial stability.
Consistent financial reporting over 13 filings, suggesting good transparency.
Spending Breakdown
How Tibet House Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Tibet House Inc
Is Tibet House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tibet House Inc (EIN: 133438221) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Tibet House Inc a good charity to donate to?
Tibet House Inc has a Mission Score of 90/100. Revenue: $4.9M. Assets: $7.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tibet House Inc?
The Employer Identification Number (EIN) for Tibet House Inc is 133438221. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Tibet House Inc spend its money?
Tibet House Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tibet House Inc's tax-exempt status?
You can verify Tibet House Inc's tax-exempt status using EIN 133438221 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Tibet House Inc. demonstrates generally stable financial health over the past decade, with revenues consistently exceeding expenses in most years, leading to a steady growth in assets. For instance, in 2022, revenue was $4,702,859 against expenses of $4,238,045, contributing to an asset base of $7,554,389. However, the most recent filing for 2023 shows expenses ($4,715,570) slightly exceeding revenue ($4,558,021), indicating a minor deficit for that period. The organization's liabilities have fluctuated but remain a relatively small portion of its total assets, suggesting a healthy balance sheet.
Regarding spending efficiency, without a detailed functional expense breakdown, it's challenging to precisely assess the program, administrative, and fundraising ratios. However, the consistent 'Officer Comp=0%' across all reported years is a significant indicator of strong financial stewardship and a commitment to directing funds towards the mission rather than executive salaries. This suggests a high degree of efficiency in this particular area. The organization's transparency is commendable given the consistent reporting of zero officer compensation, which is a key metric for many donors.
Overall, Tibet House Inc. appears to be a financially sound organization with a strong commitment to its mission, as evidenced by its financial stability and the absence of executive compensation. While the slight deficit in 2023 warrants monitoring, the long-term trend of revenue generation and asset growth is positive. Further transparency regarding detailed program spending would enhance the assessment of its overall spending efficiency.